CJ Investment Successfully Completes Its First Startup Accelerating Program

CJ Investment announced on the 28th that it successfully completed the startup accelerating program 'D-Day XCJ Lifestyle,' which was the first program conducted since its launch as a CJ Group corporate venture capital (CVC).

Representatives of the five companies selected as outstanding startups at 'D-Day XCJ Lifestyle,' the first event jointly held by CJ Investment and D.CAMP, are taking a commemorative photo.
[Photo by CJ]

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D-Day XCJ Lifestyle recruited early-stage startups capable of building future convergence business models in the global lifestyle sector based on CJ Group's four growth engines 'C.P.W.S (Culture, Platform, Wellness, Sustainability)' and collaborated with D.CAMP, the Bank Foundation for Young Entrepreneurs.

At D-Day held on the 27th at D.CAMP in Yeoksam-dong, Gangnam-gu, Seoul, five companies selected through document and interview screenings?Madeleine Memory, Pure, Synol, Bind, and Career Day?gave investor relations (IR) presentations introducing their content and innovative technologies and services. The judging panel included key executives from CJ Investment, CJ ENM, D.CAMP, and external venture capital (VC) firms, who selected two outstanding companies based on growth potential, business feasibility, scalability, and expertise.

The CJ Investment Award was given to Madeleine Memory, which provides a B2B brand-targeted used market solution, along with a prize of 10 million KRW. Bind, a fashion platform operator for active senior men aged 45 to 65, was selected for the D.CAMP Award and received the benefit of moving into D.CAMP, a startup incubation space. Going forward, CJ Investment and D.CAMP will actively support all selected companies, including the awardees, to strengthen their business capabilities, review investment opportunities, and explore potential business collaborations through CJ Connect Day (meetups between startups and CJ).

Kim Do-han, CEO of CJ Investment, said, "It was a meaningful occasion to confirm the potential for synergy linked to the group's four future growth engines (C.P.W.S)." He added, "We plan to continuously discover promising early-stage startups and actively support their growth."

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